Summary
TLDR: Only around 30% of jurisdictions worldwide have begun regulating the crypto sector as of June 2023, according to FATF President T. Raja Kumar.
Key Points
1. Less than 30% of jurisdictions globally have started regulating the crypto sector as of June 2023, according to FATF President T. Raja Kumar.
2. Regulatory efforts in the crypto sector are still in progress in many countries around the world.
3. The need for consistent and effective regulation of the crypto industry remains a priority for global financial authorities like FATF.